Ford introduced its first commercially viable elecric/hydrogen fuel cell vehicle for display in this country ahead of the other 2 american automakers, all be it behind the **** who have been leasing them in japan for 2 years now.
it will travel over 200 miles and can charge with a standard household 110/220 line. the platform can also accomodate a desile or gas burning engine to run a generator to drive the car also if they choose to go that route. kind of like trains and cruise ships do now.
im in.
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Easy for you to say.
ComEd here is jacking up electricity rates 20%
ComEd here is jacking up electricity rates 20%
Belkira wrote:
Wow. Regular ol' Joph fan club in here.
shadowrelm wrote:
im in.
Baaah.
ComEd here is jacking up electricity rates 20%
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im paying a little over 300 bucks a month in electricity now. even if it bumped the bill up 30 percent, to around 400 bucks, that is still HALF of what i am paying right now for gasoline to get to work and back every month.
it would have to bump it up to over 50 percent before it would start getting to the break even point. and even if it did, i still would never have to go to a gas station ever again. that alone is worth something.
FPL here is rasing the rates too, but that is going to happen with or with out electric cars. and the more electric cars we have, the less gas we use, the greater the supply vs the demand is, the cheaper fuel gets, the less the power companies have to pay for it, the lower your electric bill will get.
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im paying a little over 300 bucks a month in electricity now. even if it bumped the bill up 30 percent, to around 400 bucks, that is still HALF of what i am paying right now for gasoline to get to work and back every month.
it would have to bump it up to over 50 percent before it would start getting to the break even point. and even if it did, i still would never have to go to a gas station ever again. that alone is worth something.
FPL here is rasing the rates too, but that is going to happen with or with out electric cars. and the more electric cars we have, the less gas we use, the greater the supply vs the demand is, the cheaper fuel gets, the less the power companies have to pay for it, the lower your electric bill will get.
So much for FORD.
Ford posts worst loss in its history
Ford posts worst loss in its history
Quote:
DEARBORN, Mich. - Ford Motor Co. lost $5.8 billion in the fourth quarter amid slumping sales and huge restructuring costs, pushing the automaker's deficit for the year to $12.7 billion, the largest in its 103-year history.
The annual loss reported Thursday surpassed its previous record for a year of $7.39 billion set in 1992. The 2006 loss amounted to of $6.79 per share versus a profit of $1.44 billion, or 77 cents a share, in 2005.
It was far from the largest quarterly or annual corporate loss on record _ the company now known as Time Warner Inc. reported a $97.2 billion loss in 2002, largely due to new accounting rules about how to value assets. Ford could not rely on accounting rules, however, for its staggering total, which represented a loss of $4,380 on each car or truck they sold in 2006.
Ford's loss also didn't surpass the worst such annual total in the auto industry. General Motors Corp. lost more than $20 billion in 1992.
Dearborn-based Ford expects more losses for this year. It expects to burn up $10 billion in cash on automotive operations through 2009 and spend another $7 billion to invest in new products.
The fourth-quarter loss was the worst final-quarter loss in Ford's history and its second-worst quarterly performance. Ford lost $6.7 billion in the first quarter of 1992, due mainly to accounting rule changes on health care liabilities.
"We began aggressive actions in 2006 to restructure our automotive business so we can operate profitably at lower volumes with a product mix that better reflects consumer demand for smaller, more fuel-efficient vehicles," Alan Mulally, president and chief executive officer, said in a statement. "We fully recognize our business reality and are dealing with it. We have a plan and are on track to deliver."
Excluding special items, Ford lost $1.50 per share in all of 2006, worse than Wall Street predicted. Fourteen analysts polled by Thomson Financial expected a loss of $1.35 per share for the year, excluding special items.
Its shares fell 15 cents to $8.05 in morning trading on the
New York Stock Exchange. They have traded in a 52-week range of $6.06 to $9.48.
Ford, faced with increasing competition from overseas rivals such as Toyota Motor Corp., is banking on a restructuring plan to pull it through this rough stretch. Mulally, hired from aerospace giant Boeing Co., is leading the drastic efforts to turn around the company.
Ford mortgaged its assets to borrow up to $23.4 billion to pay for the restructuring and to cover losses expected until 2009. About 38,000 hourly workers have signed up for buyout or early retirement offers from the company, and Ford plans to cut its white-collar work force by 14,000 with buyouts and early retirements.
Ford, which relied on truck and sport utility vehicle sales for much of its profits, was hurt last year as $3 per gallon gasoline sent consumers fleeing to smaller, more fuel-efficient vehicles. Ford has seen its market share deteriorate in recent years. At the same time, Toyota has seen its U.S. sales rise, beating Ford out for the No. 2 sales spot in July and November.
The company has rolled out or will introduce several new or updated products during 2007, including the Edge crossover, new F-series Super Duty pickups, a redesigned Focus small car and an updated Five Hundred larger sedan.
But many analysts are skeptical that the products are strong enough to turn the company around.
Mulally said earlier this month that Ford's restructuring plan remained "absolutely the right thing to do."
Ford said that special items associated with restructuring costs totaled $9.9 billion for the year as the company continues efforts to shrink itself to match reduced demand for its cars and trucks.
Sales for the fourth-quarter fell to $40.3 billion from $46.3 billion a year ago, while annual sales dropped to $160.1 billion from $176.9 billion in 2005.
The annual loss reported Thursday surpassed its previous record for a year of $7.39 billion set in 1992. The 2006 loss amounted to of $6.79 per share versus a profit of $1.44 billion, or 77 cents a share, in 2005.
It was far from the largest quarterly or annual corporate loss on record _ the company now known as Time Warner Inc. reported a $97.2 billion loss in 2002, largely due to new accounting rules about how to value assets. Ford could not rely on accounting rules, however, for its staggering total, which represented a loss of $4,380 on each car or truck they sold in 2006.
Ford's loss also didn't surpass the worst such annual total in the auto industry. General Motors Corp. lost more than $20 billion in 1992.
Dearborn-based Ford expects more losses for this year. It expects to burn up $10 billion in cash on automotive operations through 2009 and spend another $7 billion to invest in new products.
The fourth-quarter loss was the worst final-quarter loss in Ford's history and its second-worst quarterly performance. Ford lost $6.7 billion in the first quarter of 1992, due mainly to accounting rule changes on health care liabilities.
"We began aggressive actions in 2006 to restructure our automotive business so we can operate profitably at lower volumes with a product mix that better reflects consumer demand for smaller, more fuel-efficient vehicles," Alan Mulally, president and chief executive officer, said in a statement. "We fully recognize our business reality and are dealing with it. We have a plan and are on track to deliver."
Excluding special items, Ford lost $1.50 per share in all of 2006, worse than Wall Street predicted. Fourteen analysts polled by Thomson Financial expected a loss of $1.35 per share for the year, excluding special items.
Its shares fell 15 cents to $8.05 in morning trading on the
New York Stock Exchange. They have traded in a 52-week range of $6.06 to $9.48.
Ford, faced with increasing competition from overseas rivals such as Toyota Motor Corp., is banking on a restructuring plan to pull it through this rough stretch. Mulally, hired from aerospace giant Boeing Co., is leading the drastic efforts to turn around the company.
Ford mortgaged its assets to borrow up to $23.4 billion to pay for the restructuring and to cover losses expected until 2009. About 38,000 hourly workers have signed up for buyout or early retirement offers from the company, and Ford plans to cut its white-collar work force by 14,000 with buyouts and early retirements.
Ford, which relied on truck and sport utility vehicle sales for much of its profits, was hurt last year as $3 per gallon gasoline sent consumers fleeing to smaller, more fuel-efficient vehicles. Ford has seen its market share deteriorate in recent years. At the same time, Toyota has seen its U.S. sales rise, beating Ford out for the No. 2 sales spot in July and November.
The company has rolled out or will introduce several new or updated products during 2007, including the Edge crossover, new F-series Super Duty pickups, a redesigned Focus small car and an updated Five Hundred larger sedan.
But many analysts are skeptical that the products are strong enough to turn the company around.
Mulally said earlier this month that Ford's restructuring plan remained "absolutely the right thing to do."
Ford said that special items associated with restructuring costs totaled $9.9 billion for the year as the company continues efforts to shrink itself to match reduced demand for its cars and trucks.
Sales for the fourth-quarter fell to $40.3 billion from $46.3 billion a year ago, while annual sales dropped to $160.1 billion from $176.9 billion in 2005.
Unions destroyed the American auto industry. But at least you can still see the losses. Government destroyed the American health care industry, and you can't even see the losses. Ford is making changes. Medicare is business as usual.
Where's the single payer people for cars? Where's the clamoring for insuring uninsured drivers?
Where's the single payer people for cars? Where's the clamoring for insuring uninsured drivers?
MonxDoT wrote:
Where's the clamoring for insuring uninsured drivers?
Our White Trash Series Pick-up Trucks and Soccer Mom Dumb CUnt On the Cell Phone Series SUVs aren't selling cause of fuel prices 
Boo-fUcking-hoo.
Edited, Jan 25th 2007 3:18pm by Soracloud
Boo-fUcking-hoo.
Edited, Jan 25th 2007 3:18pm by Soracloud
Most electricity is produced from coal or natural gas, so aren't we just trading one finite resource for another? And doesn't that also pollute the air and contribute to global warming?
shadowrelm wrote:
im paying a little over 300 bucks a month in electricity now. even if it bumped the bill up 30 percent, to around 400 bucks, that is still HALF of what i am paying right now for gasoline to get to work and back every month.
Belkira wrote:
Wow. Regular ol' Joph fan club in here.
soulshaver wrote:
Most electricity is produced from coal or natural gas, so aren't we just trading one finite resource for another? And doesn't that also pollute the air and contribute to global warming?
I suppose there's some potential cost benefit in the amount of milage:emissions ratio you get per unit of coal consumption vs the milage:emissions ratio per unit of petroleum but I've no idea how the math would shake out.
Belkira wrote:
Wow. Regular ol' Joph fan club in here.
At the rate they're going, I give it about 10 years before all American auto makers are bought out by Japanese/European auto makers.
The only American auto I'd buy would be a Dodge truck, even then the Tundra or the Titan is an impressive truck.
The only American auto I'd buy would be a Dodge truck, even then the Tundra or the Titan is an impressive truck.
I think my family owned an Oldsmobile when I was nine or so, and ever since then, We've only bought foreign. Gas mileage has always been the selling point for me. I'll deal with less leg room if it means I have to pump gas less often.
Belkira wrote:
Wow. Regular ol' Joph fan club in here.
Jophiel wrote:
soulshaver wrote:
Most electricity is produced from coal or natural gas, so aren't we just trading one finite resource for another? And doesn't that also pollute the air and contribute to global warming?
We outta just number the discussions around here. I think this one's like number 17 or something...
King Nobby wrote:
More words please
gbaji wrote:
We outta just number the discussions around here. I think this one's like number 17 or something...
Belkira wrote:
Wow. Regular ol' Joph fan club in here.
energy is also produced by hydroelectric, nuclear, wind, and solar to an extent.
just because most of it is now produced by fossile fuels doesnt mean it always has to be that way. getting transportation off of fossile fuels would not only go a long way to reducing greenhouse gas, it would also significantly reduce or eliminate all together our deoendancy on foreign oil.
most importantly, it would set the groundwork for eventually getting power plants off of fossile fuel. without transportation getting off of it, the benifits and incentives for getting power plants off are meaningless.
transportation has to go first before we can do the rest. electric, or a hydrogen/electric solution is the way to go. electric powered motors are significantly more efficent than fuel burning motors. thats why trains and large ships use a gas powered generator to power an electric motor to drive them. the same can be done for cars, but the goal should be to get off burning fuel alltogether, not reducing it.
in the end, it WILL cost you less to plug in your car than fill up your gas tank, even if your power company burned gassoline.
japan is already on their second year of leasing hydrogen/electric vehicals to the public. american car companies are still playing with prototypes. THAT is why american car companies are going belly up. they are constantly 5 to 10 years behind the rest....of the world.
for instance, the new regulations requiring gas powered cars to get atleast 22 miles per gallon the auto industry is crying about? foreign car companies already meet and exceed those requirments and will require no retooling or modifications.
just because most of it is now produced by fossile fuels doesnt mean it always has to be that way. getting transportation off of fossile fuels would not only go a long way to reducing greenhouse gas, it would also significantly reduce or eliminate all together our deoendancy on foreign oil.
most importantly, it would set the groundwork for eventually getting power plants off of fossile fuel. without transportation getting off of it, the benifits and incentives for getting power plants off are meaningless.
transportation has to go first before we can do the rest. electric, or a hydrogen/electric solution is the way to go. electric powered motors are significantly more efficent than fuel burning motors. thats why trains and large ships use a gas powered generator to power an electric motor to drive them. the same can be done for cars, but the goal should be to get off burning fuel alltogether, not reducing it.
in the end, it WILL cost you less to plug in your car than fill up your gas tank, even if your power company burned gassoline.
japan is already on their second year of leasing hydrogen/electric vehicals to the public. american car companies are still playing with prototypes. THAT is why american car companies are going belly up. they are constantly 5 to 10 years behind the rest....of the world.
for instance, the new regulations requiring gas powered cars to get atleast 22 miles per gallon the auto industry is crying about? foreign car companies already meet and exceed those requirments and will require no retooling or modifications.
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